tayalsmith
Long

EUR/JPY ANALYSIS

FX:EURJPY   Euro Fx/Japanese Yen
13 0 0
The secondary trend of EUR/JPY             is bullish on charts and price is trading below the trend line in its daily chart . In daily chart the price is sustaining below 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair.
Resistance level of 132.80 and Support level of 129.50
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.

INDICATORS:-
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: EUR/JPY             is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.
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